Skip to main content

Trump's billionaire coup d’état

globinfo freexchange

Donald Trump is about to break the record of withdrawing his promises faster than any other US president in history. It's not only the fact that his administration has been literally taken over by Goldman Sachs, the top vampire-bank of the Wall Street mafia.

Recently, Trump announced another big alliance with the vulture billionaire, Paul Singer, who, initially, was supposedly against him. It looks like the Trump big show continues.

The 'anti-establishment Trump' joke has already collapsed and the US middle class is about to be eliminated by the syndicate of the united billionaires under Trump administration.

As Greg Palast told to Thom Hartmann:

Paul Singer whose nickname is "the vulture", he didn't get that nickname because he is a sweet and honest businessman. This is the guy who closed the Delphi auto plants in Ohio and sent them to China and also to Monterrey-Mexico. Donald Trump as a candidate, excoriated the billionaires who sent Delphi auto parts company down to Mexico.

Paul Singer has two concerns: one of them is that to eliminate the banking regulations known as Dodd–Frank. He is called 'the vulture' cause he eats companies that died. He has invested heavily in banks that died. He makes his billions from government bail-outs, he has never made a product in his life, it's all money and billions made from your money, out of the US treasury.

He is against what Obama created, which is a system under Dodd–Frank, called 'Living Wills', where if a bank starts going bankrupt, they don't call the US treasury for bail-out. These banks go out of business and they are broken up so we don't have to pay for the bail-out. Singer wants to restore the system of bailouts because that's where he makes his money.

The Mercers are the real big money behind Donald Trump. When Trump was in trouble in the general election he was out of money and he was out of ideas and he was losing. It was the Mercers, Robert, who is the principal at the Renaissance Technologies, basically investment banking sharks, that's all they are. They are market gamblers and banking sharks, and that's how he made his billions, he hasn't created a single job as Donald Trump himself like to mention.

Both the vulture and the Mercers, they don't pay the same taxes as the rest. They don't pay regular income taxes. They have a special billionaires loophole called 'carried interest'. They were two candidates who said that they would close that loophole: one was Bernie Sanders and the other, believe it or not, was Donald Trump, it was part of his populist movie, he said 'These Wall Street sharks, they don't build anything, they don't create a single job, when they lose we pay, when they win, they get a tax-break called carried interest. I will close that loophole.' Has he said a word about that loophole? It passed away.

Full interview:


Take a taste of Paul Singer from Wikipedia :

His political activities include funding the Manhattan Institute for Policy Research and he has written against raising taxes for the 1% and aspects of the Dodd-Frank Act. Singer is active in Republican Party politics and collectively, Singer and others affiliated with Elliott Management are "the top source of contributions" to the National Republican Senatorial Committee.

A number of sources have branded him a "vulture capitalist", largely on account of his role at EMC, which has been called a vulture fund. Elliott was termed by The Independent as "a pioneer in the business of buying up sovereign bonds on the cheap, and then going after countries for unpaid debts", and in 1996, Singer began using the strategy of purchasing sovereign debt from nations in or near default—such as Argentina, ]— through his NML Capital Limited and Congo-Brazzaville through Kensington International Inc. Singer’s business model of purchasing distressed debt from companies and sovereign states and pursuing full payment through the courts has led to criticism, while Singer and EMC defend their model as "a fight against charlatans who refuse to play by the market’s rules.”

In 1996, Elliott bought defaulted Peruvian debt for $11.4 million. Elliott won a $58 million judgement when the ruling was overturned in 2000, and Peru had to repay the sum in full under the pari passu rule. When former president of Peru Alberto Fujimori was attempting to flee the country due to facing legal proceedings over human rights abuses and corruption, Singer ordered the confiscation of his jet and offered to let him leave the country in exchange for the $58 million payment from the treasury, an offer which Fujimori accepted. A subsequent 2002 investigation by the Government of Peru into the incident and subsequent congressional report, uncovered instances of corruption since Elliott was not legally authorized to purchase the Peruvian debt from Swiss Bank Corporation without the prior approval of the Peruvian government, and thus the purchase had occurred in breach of contract. At the same time, Elliott's representative, Jaime Pinto, had been formerly employed by the Peruvian Ministry of Economy and Finance and had contact with senior officials. According to the Wall Street Journal, the Peruvian government paid Elliott $56 million to settle the case.

After Argentina defaulted on its debt in 2002, the Elliott-owned company NML Capital Limited refused to accept the Argentine offer to pay less than 30 cents per dollar of debt. With a face value of $630 million, the bonds were reportedly bought by NML for $48 million, with Elliott assessing the bonds as worth $2.3 billion with accrued interest. Elliott sued Argentina for the debt's value, and the lower UK courts found that Argentina had state immunity. Elliott successfully appealed the case to the UK Supreme Court, which ruled that Elliott had the right to attempt to seize Argentine property in the United Kingdom. Alternatively, before 2011, US courts ruled against allowing creditors to seize Argentine state assets in the United States. On October 2, 2012 Singer arranged for a Ghanaian Court order to detain the Argentine naval training vessel ARA Libertad in a Ghanaian port, with the vessel to be used as collateral in an effort to force Argentina to pay the debt. Refusing to pay, Argentina shortly thereafter regained control of the ship after its seizure was deemed illegal by the International Tribunal for the Law of the Sea. Alleging the incident lost Tema Harbour $7.6 million in lost revenue and unpaid docking fees, Ghana in 2012 was reportedly considering legal action against NML for the amount.

His firm... is so influential that fear of its tactics helped shape the current 2012 Greek debt restructuring." Elliott was termed by The Independent as "a pioneer in the business of buying up sovereign bonds on the cheap, and then going after countries for unpaid debts", and in 1996, Singer began using the strategy of purchasing sovereign debt from nations in or near default—such as Argentina, Peru—through his NML Capital Limited and Congo-Brazzaville through Kensington International Inc. In 2004, then first deputy managing director of the International Monetary Fund Anne Osborn Krueger denounced the strategy, alleging that it has "undermined the entire structure of sovereign finance."

More than a year ago we wrote that “Trump's rhetoric is concentrated around a racist delirium. He avoids to take direct position on social matters, issues about inequality, etc. Of course he does, he is a billionaire! Trump will follow the pro-establishment agenda of protecting Wall Street and big businesses. And here is the fundamental difference with Bernie Sanders. Bernie says no more war and he means it. He says more taxes for the super-rich and he means it. Free healthcare and education for all the Americans, and he means it. In case that Bernie manage to beat Hillary, the establishment will definitely turn to Trump who will be supported by all means until the US presidency.

Yet, we would never expect that Trump would verify us, that fast.

Comments

Popular posts from this blog

MSNBC poll on Julian Assange backfires epically

globinfo freexchange
Frequently - if not always - polls set-up by corporate media aim to track public opinion on a specific issue. The results could be used by the deep state apparatus in order to justify an action, or, figure out how to handle a negative trend for the deep state agenda.
Of course, the question could be set-up in a very simplified and convenient manner, so that the results could be translated accordingly.
Yet, the results from the following MSNBC poll on Julian Assange are so devastating for the deep state planning that leave little room for any misconception and manipulation.
Specifically, you have two options to answer the following question: “Should Julian Assange be prosecuted for his involvement in WikiLeaks?
The first option is to answer that "Yes, he is a criminal."
The second option is to answer that "No, he is a whistleblower and deserves protection."
At the time we checked out the results, the second answer prevailed overwhelmingly with 95% (~1…

Trump's failure to start a civil war in Venezuela could be proved disastrous for the plans of the US imperialists

by system failure
Donald Trump and his bloodthirsty warhawks are about to break the record of failed attempted coups against a single country. Concerning Latin America, the US imperialists were setting the desirable conditions for their corporate beasts usually by overthrowing governments and supporting military dictatorships.
But Trump himself has already broken another record. The record of not keeping his promises to the American people - every one of them. The 'anti-interventionist', 'anti-establishment' Trump, has already started a war against Venezuela, which so far includes brutal economic sanctions, sabotage operations, attempted coups. Trump not only does whatever he can in order to satisfy the US neocon/neoliberal establishment and the deep state, but especially in the case of Venezuela, he follows the obsolete CIA playbook to the letter.
So, after a series of failed orchestrated coups, Trump's warhawks attempted to start a civil war in Venezuela by mobiliz…

Former top US official confirms: military action against Venezuela will become a Vietnam 2.0 for the US imperialists

globinfo freexchange
Former US Chief of Staff for Secretary of State, Lawrence Wilkerson, spoke with Sharmini Peries of the Real News about Trump's plans for a potential US military action against Venezuela.

As he pointed out:
Elliott Abrams, Mike Pompeo, John Bolton, and the administration’s approach to Venezuela, is as if they were Panama or they were Honduras. They are not. They’re very professional. That puts them above Argentina, above Chile, whose militaries are quite competent, too. 
Mr. Trump ought to be very, very careful about saying he’s going to send marines or soldiers to Venezuela because the Venezuelan military will be unified immediately. It will take to the hills and it will fight as the Vietnamese did during the Vietnam War, and as the Taliban are in Afghanistan right now: to the last marine, to the last soldier.
Putin is a smart man, probably told Trump 'you don’t want to get involved in those jungles. You don’t want to get involved in those mountains. You …

Latest ridiculous attempts by the US propaganda machine on Gaza, Venezuela – enjoy

globinfo freexchange
Plenty of propaganda is manufactured by the US deep state apparatus to push for the imperialist agenda. Yet, some elements of the propaganda machine are still unable to realize that independent truth seekers and real journalists are watching, and therefore, these elements could be easily exposed.
Sloppy efforts immediately backfire in social media and the Internet. Most recent sloppy efforts are related to Gaza and Venezuela.
As the Newsweekreported:
Senior 2020 Trump campaign adviser Katrina Pierson used a 2015 video showing a Ukrainian rocket launch alongside comments about this weekend's deadly attacks between Israel and Gaza militants and a condemnation of congresswoman Ilhan Omar.
Pierson, who was Donald Trump's 2016 campaign spokesperson and is a frequent cable news guest, shared the video—which was first posted online in 2015 and reportedly shows Ukraine launching dozens of rockets at Russian-backed separatists—on Sunday.
Alongsi…

Fox clowns committed suicide by bringing Bernie Sanders inside their nest to destroy them

... and the liberal centrists must be really pissed off
globinfo freexchange
It was epic indeed. The moment where the crowd inside the Fox ultra-right nest enthusiastically cheers in favor of a government-run healthcare system, could actually be considered a historical moment, thanks to Bernie Sanders.
The moment clearly depicts and officially marks the end of controlled audiences in controlled MSM environments. It shows that the well-paid MSM pundits and their producers are finding increasingly difficult to set up the scene according to the desirable agenda. Therefore, audience reactions can't be directed, or predicted in many cases by the MSM 'experts'.
The shock for the MSM tools was inevitable. It shows that they are now completely detached from the ordinary people and their problems.
But the whole thing highlighted something even more fundamental. It was another loud evidence for the fact that the BS neoliberal narratives don't work anymore.
And even more remarkably, th…

CNN sets up a fully controlled audience panel to promote pro-establishment candidates using Bernie Sanders progressive agenda

 An example of advanced psy-ops by the corporate media 

globinfo freexchange

As we wrote recently, the moment where the crowd inside the Fox ultra-right nest enthusiastically cheers in favor of a government-run healthcare system, could actually be considered a historical moment, thanks to Bernie Sanders.

The moment clearly depicts and officially marks the end of controlled audiences in controlled MSM environments. It shows that the well-paid MSM pundits and their producers are finding increasingly difficult to set up the scene according to the desirable agenda. Therefore, audience reactions can't be directed, or predicted in many cases by the MSM 'experts'.
Now, here is an example showing a successful set up through a controlled audience. It took place inside CNN and there is plenty of evidence that was indeed carefully set up. In the following video, Mike Figueredo of the Humanist Report felt optimistic, but also quite frustrated at the same time. Figueredo's reaction …

Chelsea Manning proves that she is a real hero

globinfo freexchange
Outside of an Alexandria, Virginia courtroom, Chelsea Manning explained to reporters why she would refuse to testify before a second grand jury investigating Wikileaks' Julian Assange, and as a result, face jail time once again. On May 9, Manning was released from jail because the term of the last grand jury she refused to testify before expired. She was immediately subpoenaed once again—for May 16.
Her following words clearly depict that Chelsea Manning is a person with strong and solid principles and a real hero:
I will not cooperate with this or any other grand jury, so it doesn’t matter what it is, or what the case is. I’m just not going to comply or cooperate. Facing jail again, potentially today, doesn’t change my stance. The prosecutors are deliberately placing me in an impossible position: go to jail and face the prospect of being held in contempt again, or, in the alternative, foregoing my principles, the strong positions that I have, that I hold dear…

Chemical weapons assessment contradicting official Syria narrative is authentic

The Organization for the Prohibition of Chemical Weapons (OPCW) has begun responding to queries by the press about a leaked document which contradicts official OPCW findings on an alleged chemical weapons attack last year in Douma, Syria. The prepared statement they’ve been using in response to these queries confirms the authenticity of the document.
To recap, a few days ago the Working Group on Syria, Propaganda and Media (WGSPM) published a document signed by a man named Ian Henderson, whose name is seen listed in expert leadership positions on OPCW documents from as far back as 1998 and as recently as 2018. It’s unknown who leaked the document and what other media organizations they may have tried to send it to.
The report picks apart the extremely shaky physics and narratives of the official OPCW analysis on the gas cylinders allegedly dropped from Syrian government aircraft in the Douma attack, and concludes that “The dimensions, characteristics and appearance of the cylinders, a…

Updates for a possible coup against Jeremy Corbyn

 globinfo freexchange

In this episode of RT's Going Underground, former MP and author of A Very British Coup and The Friends of Harry Perkins, Chris Mullin, spoke about the history of MI5 and MI6 meddling in UK politics against Labour Party leaders. He also estimated whether a British coup is underway against Jeremy Corbyn.
The story of A Very British Coup was set in the 1980s when there was speculation about the possibility of a government led by someone like Tony Benn and the establishment conspired to bring it down. The establishment in this case being a sort of mixture of the security and intelligence services, the media barons, with a little help from the Americans. 
Tony Benn looked likely to become deputy leader of the Labour Party which at the time was strongly challenging the government of Margaret Thatcher in the opinion polls. Persistent rumours circulated over the years about attempts by members of the British security services, and other wings of the British Establish…

How GMO seeds and Monsanto/Bayer’s “RoundUp” are driving US policy in Venezuela

With Juan Guaidó’s parallel government attempting to take power with the backing of the U.S., it is telling that the top political donors of those in the U.S. most fervently pushing regime change in Venezuela have close ties to Monsanto and major financial stakes in Bayer.
by Whitney Webb
Part 4 - Why is a top to Marco Rubio increasing his stake in Bayer while others flee?
Yet, it is AEI’s top individual donor noted in the accidental “schedule of contributors” disclosure who is most telling about the private biotech interests guiding the Trump administration’s Venezuela policy. Paul Singer, the controversial billionaire hedge fund manager, has long been a major donor to neoconservative and Zionist causes — helping fund the Foreign Policy Initiative (FPI), the successor to the Project for a New American Century (PNAC); and the neoconservative and islamophobic Foundation for the Defense of Democracies (FDD), in addition to the AEI.
Singer is notably one of the top political donors to Senat…